Air Lease Corporation (AL) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.12 million) and the uptick to downtick ratio was 0.67. The transaction value on upticks was $2.31 million and on downticks, the transaction value was $3.43 million. The transaction value of block trades during downticks was $1.56 million. The money flow was negative ($1.56 million), indicating the traders were booking profit on the price strength. Air Lease Corporation (AL) rose $0.32 at $28.95, during intraday Tuesday , a rise of 1.12% over the previous days close.
Shares of Air Lease Corporation rose by 0.52% in the last five trading days and 1.64% for the last 4 weeks. Air Lease Corporation has dropped 1.89% during the last 3-month period . Year-to-Date the stock performance stands at -12.95%.
Air Lease Corporation (NYSE:AL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.67 and $28.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.05, notching a gain of 1.47% for the day. The total traded volume was 904,816 . The stock had closed at $28.63 on the previous day.
In a related news,The officer (EVP) of Air Lease Corp, Baer Marc H sold 1,500 shares at $32.62 on January 4, 2016. The Insider selling transaction had a total value worth of $48,930. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Air Lease Corporation is an aircraft leasing company. The Company is engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircrafts to airlines around the world. In addition to its leasing activities, it sells aircrafts from its operating lease portfolio to third-parties, including other leasing companies, financial services companies and airlines. It also provides fleet management services to investors and owners of aircraft portfolios. It provides aircrafts to airline customers in geographical regions, including markets, such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. The Company sells aircrafts that are operated by an airline with multiple years of lease term remaining on the contract.